Flash Briefing: Huge’s Adapt IT bid gets ugly; African Covid-19 vaccines; Nedbank to support renewable energy

Loading player...
* South Africa plans to begin issuing Johnson & Johnson’s coronavirus vaccine to the general public next month.
* A takeover bid by Huge Group to acquire rival Adapt IT has become ugly, with the Huge group ordered to removed videos from the public domain in which it attacks the motives of Adapt IT’s management, reports MyBroadband.co.za
* Netcare expects first-half core profit to be down 36% to 38% from a year earlier after a second wave of Covid-19 forced it to suspend elective surgery in favour of necessary and time-sensitive procedures, says Reuters.
* Nedbank will stop funding new thermal coal mines by 2025 and halt direct funding of new oil and gas exploration as it plans to phase out fossil fuel exposure over the next 24 years, says Reuters.
* The African Union’s disease control body and World Health Organization on Thursday urged African countries not to waste COVID-19 vaccines donated to them, after confusion in Malawi and South Sudan about whether doses they received had expired, says Bloomberg. Learn more about your ad choices. Visit megaphone.fm/adchoices
22 Apr 2021 10AM English South Africa Investing · Business News

Other recent episodes

The BizNews Edge: Economic warnings flash; Corporate giants mispriced; SpaceX tumbles

We explore a toughening economic climate as South African consumer confidence drops and central bank indicators flash red. Discover why the market is blindly punishing value, dragging down Sibanye Stillwater’s debt-free gold business despite solid restructuring plans. We also highlight Attacq’s resilient property portfolio and Steenkamp Kraal’s historic rare earth…
23 Jun 6AM 13 min